Irony dies a thousand deaths as Jio slams Trai's IUC review as ‘anti-poor’

Agencies
October 20, 2019

Mumbai, Oct 20: Mukesh Ambani-led Reliance Jio has alleged that review of call connect charges by Trai "sabotages" the Prime Minister's vision for Digital India, and will hit not only the regulator's credibility but also investor confidence as the move protects vested interests of some old operators.

Continuing its relentless attack on the regulator and old operators over the contentious IUC (interconnect usage charge) issue that has polarised the industry, Jio alleged that Trai's move is arbitrary, bad in law, unwarranted, and anti-poor.

Any change in the implementation of the original timeline of January 1, 2020, will end the free voice regime and is likely to increase tariffs which are against consumer interest, Jio claimed.

Typically, a telecom operator pays for completing calls made by its subscribers to a rival network. This is done by paying the rival network an to interconnect usage charge, which currently is 6 paise per minute.

Trai's move to reopen the deadline for ending charges for terminating calls on rival networks beyond January 2020 had forced Jio to levy a 6 paisa per minute charge on its users recently, effectively ending its free call regime.

Submitting its official response to the Telecom Regulatory Authority of India (Trai) on the IUC matter, Jio alleged that "certain incumbent telcos" want their large body of 2G customers to forever remain digitally disempowered and deprived of the fruits of the digital revolution. Trai's consultation paper "protects and perpetuates the vested interests" of such players, it added.

Jio accused certain old operators of exploiting their 2G customers by charging "extortionist rates" for voice calls, which are offered free to all Jio's 4G-only customers.

"The Consultation Paper...undermines and sabotages Prime Minister's Digital India vision and mission," Jio said in its comment to Trai's consultation paper.

It is unfortunate that instead of profiting the poor and marginalised sections of Indian society, the consultation paper has chosen to help profiteers in the telecom business, Jio alleged.

The discussion paper wants India to remain technologically stagnant and backward, the company said.

The move contradicts the authority's past decisions where it was represented that the zero termination charge regime would come into effect for all types of calls from January 1, 2020, Jio said.

It added that the ongoing review, which violates the principles of regulatory predictability, has been initiated with pre-determined mind.

"...the present Consultation Paper has not been issued to address traffic asymmetry, but to address the claimed financial stress of one or two operators at the cost of the interests of the subscribers and the telecom sector, and also the credibility of the authority," it said.

The latest entrant, known for its disruptive tariffs, argued the present trend indicates that traffic asymmetry (one of the key reasons for Trai's rethink on IUC) is expected to be reversed in a few months and the present receivers will become payers, and so deferring stated timelines is not going to steer any operator away from the purported financial stress. Moving to zero termination charge regime will reduce overall tariffs for customers, Jio said.

Jio said that had Trai "recalculated termination charges, it would be less than 1 paise per minute at this stage", and added that the small residual value by itself fully justifies the need for moving to zero termination charge regime.

Jio cautioned that Trai's move will have a "chilling effect" on any new investments and future new entrants who will be deterred by this entry barrier, and even as the advanced world will move towards 5G, India will continue promoting 2G and keep millions of users out of Digital India.

"There exists no rationale for changing the date of implementation of BAK (bill and keep) regime from January 1, 2020," Jio added.

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News Network
March 15,2024

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New Delhi, Mar 13: The Supreme Court on Friday took exception to the State Bank of India (SBI) for not disclosing complete details of Electoral Bonds, including unique alfa numeric numbers, furnished to the Election Commission for uploading on the website.

A five-judge Constitution bench led by Chief Justice of India D Y Chandrachud issued notice to the SBI seeking its response on Monday after the court was informed that the issuing bank for the Electoral Bonds has not disclosed unique alfa numeric number of each bond.

"They have not disclosed the bond numbers. It has to be disclosed by the State Bank of India. All details have to be provided by the SBI," the bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, noted.

Senior advocate Kapil Sibal said as per the Constitution bench judgment of February 15, 2024, all details were to be disclosed.

Solicitor General Tushar Mehta submitted since the SBI was a party to the judgment, notice may be issued to it.

The court said the counsel for SBI should have been here.

"If you see the judgment, we have specified that bond numbers have to be provided," the bench said.

Advocate Prashant Bhushan appeared for the main petitioner Association for Democratic Reforms (ADR).

On an application by the EC, the bench said the details of Electoral Bonds furnished by the poll panel before the top court should be scanned and returned to it for the purpose of uploading on the website.

The Election Commission through advocate Amit Sharma filed a plea in the Supreme Court seeking a direction to release data on electoral bonds furnished to the top court in terms of previous orders of April 12, 2019 and November 2, 2023.

As per March 11, 2024 order, the Election Commission on Thursday uploaded the data on electoral bonds furnished to it by the SBI.

However, in an application, the poll panel said it had furnished to the Supreme Court a number of sealed envelopes, containing details on EBs encashed by the political parties, during the course of hearing in the matter.

It sought a direction for the return of those sealed envelopes to comply with the directions to upload it on the website as per order of March 11.

On Monday, the Supreme Court had told the SBI to furnish details of purchasers of Electoral Bonds and names of political parties redeemed those instruments by March 12 to the Election Commission, rejecting its plea for extension of time until June 30 for the purpose.

It had then directed the Election Commission to publish the information provided by the SBI on its website on March 15.

In its February 15, 2024 judgment, the SC had declared the Electoral Bonds scheme, introduced in 2018 for donation to political parties, as "unconstitutional" for being violative of the right to information.

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News Network
March 27,2024

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Bengaluru: Darshan Babu is an engineer who is fond of betting on cricket matches and has been placing major bets on Indian Premier League (IPL) games since 2021. He often borrows money after losing a bet, or to place one when he is short on funds. His 23-year-old wife, tired of the constant harassment by creditors, died by suicide.

Ranjitha was found hanging at her home in Karnataka's Chitradurga on March 18. According to the family, Darshan had racked up a debt of over Rs 1 crore.

He worked as an assistant engineer in the Minor Irrigation Department at Hosadurga and had been ensnared in the realm of IPL betting from 2021 to 2023. This took a major toll on the couple's finances. Allegedly, he had borrowed over Rs 1.5 crore to place bets after his luck ran out and he lost all his money. While he managed to return Rs 1 crore, cops say that he still has a pending loan of ₹ 84 lakh.

Ranjitha married Darshan in 2020. She realised the truth about Darshan's involvement in betting in 2021, claims her father Venkatesh.

In his complaint, Venkatesh said that his daughter was extremely distressed due to the constant harassment by moneylenders and this led to her suicide. He has also named 13 men who had allegedly lent the money.

He said that his son-in-law was lured into betting with a promise of quick money.

"He (Darshan) was not willing to get into betting, but the suspects forced him saying it was an easy way to get rich. They promised to finance his betting activities against some blank cheques as security," he said.

Cops during their investigation found a suicide note, where she detailed the harassment they faced. Darshan and Ranjitha have a two-year-old son.

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News Network
March 28,2024

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Mangaluru, Mar 28: A fish meal factory in the Baikampady Industrial area in Mangaluru was gutted in a fire incident on Thursday, officials said.

The factory is owned by the company 'Shihar Enterprises', they said.

According to the locals, the fire was first noticed at 4.45 am today, which was immediately reported to the fire department.

The fire engines reached the spot and tried to douse the fire, but it had already spread to other parts of the factory. After almost four hours of fire-fighting operation, the blaze was completely doused, officials.

The reason for the blaze is still being probed, the fire department officials said, adding that they suspect an electric short circuit could have triggered it.

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